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Huey Magoos
FloridaLeasingNews

Chicken Restaurant Chain to Open 30 New Locations in 2022

by Julia Sanders

Orlando, Fla. — Huey Magoo’s, a fast food chicken tender restaurant, has plans to open 30 restaurants across the Southeast by the end of the year. The 30 locations will add to the Orlando, Florida-based company’s 20 existing restaurants. In addition, Huey Magoo’s has partnered with Boyd Gaming Corp. to open a restaurant at Boyd’s Fremont Hotel and Casino in downtown Las Vegas by the end of 2022. The company has also signed franchise agreements to open eight stores in the Fort Myers and Naples, Florida area; and five stores …

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1010 Midtown
GeorgiaInvestment salesNews

JLL Capital Markets Arranges $38 Million Sale of Shopping Center in Atlanta

by Julia Sanders

Atlanta — JLL Capital Markets has arranged the $38 million sale of 1010 Midtown, a 44,302-square-foot retail center located on Peachtree St. NE in Atlanta’s Midtown area. The center comprises the ground level of a 425-unit luxury condominium building that was not included in the sale. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, The Ardent Cos., in the disposition of the property to East Coast Acquisitions. Completed in 2008, 1010 Midtown is 94 percent leased to tenants including Sugar Factory, RA Sushi Bar, Piedmont Healthcare, …

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Investment salesNewsSouth Carolina

SRS Brokers $14.5 Million Sale of Walmart-Occupied Retail Property in Metro Charleston

by Julia Sanders

Summerville, S.C. — SRS Real Estate Partners’ National Net Lease Group has brokered the sale of a single-tenant retail property leased to Walmart Neighborhood Market in Summerville, roughly 25 miles outside Charleston. Richard Dorfman of SRS represented the 1031 exchange buyer, a private investor from California. Cushman & Wakefield represented the seller, an undisclosed investor based in Florida, which sold the property for $14.5 million.

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Lyons Plaza
FloridaInvestment salesNews

CBRE Arranges $11.9 Million Sale of Lyons Plaza in Metro Miami

by Julia Sanders

Coconut Creek, Fla. — CBRE has arranged the $11.9 million sale of Lyons Plaza, a multi-tenant retail center in Coconut Creek, roughly 35 miles north of Miami. The 80,361-square-foot property includes two freestanding outparcel buildings. At the time of sale, Lyons Plaza was 91 percent leased to 27 retail tenants, including Conviva Care Center and Goldcoast Ballroom. David Donnellan and Patricia Friend of CBRE represented the seller, Lyons Plaza Coconut Creek LLC, in the disposition of the property to 1301 Lyons LLC.

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Highland Village
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $11 Million Sale of Two Multi-Tenant Properties in Metro Los Angeles

by Julia Sanders

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11 million sale of two multi-tenant retail pad buildings at Highland Village Shopping Center, a Sprouts-anchored shopping center in Fontana, about 50 miles from Los Angeles. The two buildings total 13,515 square feet and were leased to tenants including Cafe Rio, Jersey Mike’s Subs, Fatburger, Oggi’s Pizza, AB Barber and Crumbl Cookies at the time of sale. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Adler Realty Investments. Mark Stein of CPMC …

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IllinoisInvestment salesNews

Marcus & Millichap Arranges $5.1 Million Sale of Retail Building in Metro Chicago

by Julia Sanders

Matteson, Ill. — Marcus & Millichap has arranged the $5.1 million sale of a 10,502-square-foot retail building in Matteson, about 32 miles from Chicago. The property, located at 4801 211th St., has been fully occupied by the same four tenants since its construction in 2011. Tenants include Verizon, Chipotle Mexican Grill, Five Guys and Vitamin Shoppe. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a local developer. Carlos Cain of Marcus & Millichap secured and represented the buyer, a Mexico-based limited liability company. The deal was …

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The Shops at Northfield
ColoradoInvestment salesNews

Stockdale Capital Partners Acquires 769,359-Square-Foot Retail Property in Denver

by Julia Sanders

Denver — Stockdale Capital Partners has acquired The Shops at Northfield, a 769,359-square-foot shopping center located in Denver, from QIC Ltd. The center is home to 20 restaurants and retail tenants including Super Target, Macy’s, Bass Pro Shops, Harkins Theatres, H&M and Nike. The property was developed in 2006 and is situated on 87 acres.

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Tucson Fiesta
ArizonaInvestment salesNews

Alturas Real Estate Purchases 93,005-Square-Foot Tucson Fiesta Shopping Center in Arizona

by Julia Sanders

Tucson, Ariz. — Alturas Real Estate Funds has acquired Tucson Fiesta, a retail center at 4215, 4225 and 4235 N. Oracle Road in Tucson. EVT Tucson Fiesta sold the property for $14.6 million. Chris Hollenbeck of Cushman & Wakefield represented the buyer in the deal. Three major retailers in the discount furniture, clothing and golf industries fully occupy the 93,005-square-foot property.

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Investment salesNewsVirginia

Klein Enterprises Purchases 76,500-Square-Foot Towne Place at Greenbrier in Metro Norfolk

by Julia Sanders

Chesapeake, Va. — An affiliate of Klein Enterprises has purchased Towne Place at Greenbrier, a 76,500-square-foot shopping center located at 725 Eden Way North in Chesapeake, about seven miles from Norfolk. David Crotts of Institutional Property Advisors brokered the disposition of the property from Lingerfelt Commonwealth Partners. The center was 97 percent leased at the time of sale to 23 tenants including Jersey Mikes, Moe’s, Cox Communications, Pure Barre and Stretch Labs. The property is also shadow anchored by Target and Dollar Tree’s global headquarters.

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LeasingNewsNorth Carolina

Floor & Decor to Occupy 51,270-Square-Foot Single-Tenant Retail Building in Wilmington

by Julia Sanders

Wilmington, N.C. — Floor & Décor will occupy a 51,270-square-foot single-tenant retail building located at 816 South College Road in Wilmington. The property was formerly occupied by Dick’s Sporting Goods. The building became available when Dick’s relocated to nearby Independence Mall. Brian Grabowski of TradeMark Properties represented property owner, Winwil Realty, in the leasing transaction. Renovations to the space are underway, with Floor & Decor expected to open this summer.

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